| Nevada                                                         |   | 46-0521269                           |
|----------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |

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| PART I – FINANCIAL INFORMATION                                                                      | 2 |
|-----------------------------------------------------------------------------------------------------------|---|
| Item 1.  Financial Statements.                                                                  | 2 |
| Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations | 3 |
| Item 3.  Quantitative and Qualitative Disclosures About Market Risk                                  | 6 |
| Item 4.  Controls and Procedures                                                                     | 6 |
| PART II – OTHER INFORMATION                                                                         | 7 |
| Item 1.  Legal Proceedings                                                                           | 7 |
| Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds                                 | 7 |
| Item 3.  Defaults Upon Senior Securities                                                             | 7 |
| Item 4.  [Removed and Reserved]                                                                      | 7 |
| Item 5.  Other Information                                                                           | 7 |
| Item 6.  Exhibits                                                                                    | 7 |
| SIGNATURES                                                                                                | 8 |

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PART I – FINANCIAL INFORMATION

Item 1.  Financial Statements.

| Consolidated Balance Sheets as of March 31, 2010 and June 30, 2009 (Unaudited)                                     |  F-1 |
|----------------------------------------------------------------------------------------------------------------------------------------|-----------|
| Consolidated Statements of Operations and Comprehensive Income for the three and nine months ended March 31, 2010 and 2009 (Unaudited) |  F-2 |
| Consolidated Statements of Cash Flows for the nine months ended March 31, 2010 and 2009 (Unaudited)                                    |  F-3 |
| Notes to the Consolidated Financial Statements (Unaudited)                                                                             |  F-4 |

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|                                                                                                                                             |    | March 31, 2010 |        |         | June 30, 2009 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------|--------------|--------------------------|-------------|--------------|-------------------------|--------|
| Assets                                                                                                                                           |    |                     |        |         |                    |   |   |   |
| Current assets:                                                                                                                                  |    |                     |        |         |                    |   |   |   |
| Cash                                                                                                                                             |    | $                        | 31,216      |    |                    | $      | 3,375,449 |    |
| Accounts receivable, net of allowance of $35,724 and $35,724 , respectively                                                                      |         |                     | 1,535,264   |         |                    |   | 1,526,497 |   |
| Prepaid and other current assets                                                                                                                 |    |                     | -      |    |                    |   | - |    |
|                                                                                                                                             |    |                     |        |         |                    |   |   |   |
| Total current assets                                                                                                                             |    |                     | 1,566,480   |    |                    |   | 4,901,946 |    |
|                                                                                                                                             |         |                     |        |         |                    |   |   |   |
| Fixed assets, net                                                                                                                                |         |                     | 73,766      |         |                    |   | 109,213 |   |
| Intangible assets, net                                                                                                                           |         |                     | 58,513      |         |                    |   | 67,404 |   |
| Assets held for sale                                                                                                                             |    |                     | -           |    |                    |   | 1,172,240 |    |
| Film costs                                                                                                                                       |    |                     | 5,099,911   |    |                    |   | 668,177 |    |
|                                                                                                                                             |    |                     |        |         |                    |   |   |   |
| Total assets                                                                                                                                     |    | $                        | 6,798,670   |    |                    | $      | 6,918,980 |    |
|                                                                                                                                             |    |                     |        |         |                    |   |   |   |
| Liabilities and Stockholders’ Equity                                                                                                       |    |                     |        |         |                    |   |   |   |
| Current liabilities:                                                                                                                             |    |                     |        |         |                    |   |   |   |
| Accounts payable                                                                                                                                 |    | $                        | 182,474     |    |                    | $      | 171,097 |    |
| Accrued liabilities                                                                                                                              |    |                     | 4,334       |    |                    |   | 5,003 |    |
| Short term debt                                                                                                                                  |    |                     | -           |    |                    |   | 117,224 |    |
| Due to related parties                                                                                                                           |    |                     | 204,454     |    |                    |   | 67,887 |    |
|                                                                                                                                             |    |                     |        |         |                    |   |   |   |
| Total current liabilities                                                                                                                        |    |                     | 391,262     |    |                    |   | 361,211 |    |
|                                                                                                                                             |    |                     |        |         |                    |   |   |   |
| Stockholders’ equity                                                                                                                       |    |                     |        |         |                    |   |   |   |
| Common stock, $0.00001 par value – authorized, 180,000,000 shares; issued 39,750,000 and 39,743,000; outstanding 39,750,000 and 39,743,000 |    |                     | 398         |    |                    |   | 397 |    |
| Additional paid-in capital                                                                                                                       |    |                     | 8,756,111   |    |                    |   | 8,747,335 |    |
| Accumulated other comprehensive income                                                                                                           |         |                     | 738,749     |         |                    |   | 749,609 |   |
| Accumulated deficit                                                                                                                              |    |                     | (5,205,298) |         |                    |   | (5,109,180) |   |
| Non-controlling interest                                                                                                                         |         |                     | 2,117,448   |         |                    |   | 2,169,608 |   |
| Total stockholders’ equity                                                                                                                 |    |                     | 6,407,408   |         |                    |   | 6,557,769 |   |
|                                                                                                                                             |    |                     |        |         |                    |   |   |   |
| Total liabilities and stockholders’ equity                                                                                                 |    | $                        | 6,798,670   |    |                    | $      | 6,918,980 |    |

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|                                                                           |    | Three Months Ended March 31, |       |         | Nine Months Ended March 31, |   |
|--------------------------------------------------------------------------------|--------------|----------------------------------------|------------|--------------|---------------------------------------|--------|
|                                                                           |    | 2010                                   |       |         | 2009                                  |   |   | 2010 |   |   | 2009 |   |
| Revenue                                                                        |         | $                                      | 38,810     |    |                                  | $      | - |    |   | $ | 1,211,877 |   |   | $ | - |   |
| Cost of revenues                                                               |    |                                   | 34,615     |    |                                  |   | - |    |   |   | 1,207,682 |   |   |   | - |    |
| Gross profit                                                                   |         |                                   | 4,195      |         |                                  |   | - |   |   |   | 4,195 |   |   |   | - |   |
|                                                                           |         |                                   |       |         |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Selling, general and administrative                                            |    |                                   | 20,931     |    |                                  |   | 23,857 |    |   |   | 157,472 |    |   |   | 131,291 |    |
| Depreciation and amortization expense                                          |    |                                   | 15,573     |    |                                  |   | 18,397 |    |   |   | 46,794 |    |   |   | 55,200 |    |
|          Total operating expenses |    |                                   | 36,504     |         |                                  |   | 42,254 |   |   |   |  204,266 |   |   |   | 186,491 |   |
|                                                                           |         |                                   |       |         |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Other income:                                                                  |         |                                   |       |         |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Interest income                                                                |         |                                   | 44,467     |         |                                  |   | - |   |   |   | 44,467 |   |   |   | - |   |
| Government subsidies / grants                                                  |         |                                   | 7,326      |         |                                  |   | - |   |   |   | 7,326 |   |   |   | - |   |
|                                                                           |         |                                   |       |         |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss)                                                              |         |                                   | 19,484     |         |                                  |   | (42,254) |   |   |   |  (148,278) |   |   |   | (186,491) |   |
|                                                                           |         |                                   |       |         |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Less: Net( income) loss attributable to non-controlling interest               |    |                                   | (7,285)    |    |                                  |   | 15,799 |    |   |   | 52,160 |    |   |   | 67,678 |    |
|                                                                           |         |                                   |       |         |                                  |   |   |   |   |   |   |   |   |   |   |   |
|  Net income (loss) attributable to common stock shareholders              |    |                                   | 12,199     |         |                                  |   | (26,455) |   |   |   |  (96,118) |   |   |   | (118,813) |   |
|                                                                           |         |                                   |       |         |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Other comprehensive income (loss):                                             |         |                                   |       |         |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss)                                                              |         |                                   | 19,484     |         |                                  |   | (42,254) |   |   |   |  (148,278) |   |   |   | (186,491) |   |
| Foreign currency translation                                                   |    |                                   | (16,202)   |    |                                  |   | 2,617 |    |   |   | (10,860) |    |   |   | 3,276 |   |
|                                                                           |    |                                   |       |         |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive income (loss)                                                    |    |                                   | 3,282      |         |                                  |   | (39,637) |   |   |   | (159,138) |   |   |   | (183,215) |   |
|                                                                           |         |                                   |       |         |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Less: comprehensive (income) loss attributable to non-controlling interest     |    |                                   | (1,227)    |    |                                  |   | 14,820 |    |   |   | 59,502 |    |   |   | 68,504 |    |
| Comprehensive loss attributable to common stock shareholders                   |    | $                                      | 2,055      |         |                                  | $      | (24,817) |   |   | $ | (99,636) |   |   | $ | (114,711) |   |
|                                                                           |    |                                   |       |         |                                  |   |   |   |   |   |   |   |   |   |   |   |
| Net income (loss) per common share – basic and diluted                   |    | $                                      | 0.00       |         |                                  | $      | (0.00) |   |   | $  |  (0.00) |   |   | $  |       (0.00) |   |
| Weighted average number of shares outstanding – basic and diluted        |    |                                   | 39,750,000 |    |                                  |   | 39,743,00 |    |   |   | 39,750,000 |    |   |   | 39,743,000 |    |

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|                                                                                  |   | Nine Months Ended March 31 |        |
|---------------------------------------------------------------------------------------|--------|------------------------------------------------|-------------|
|                                                                                  |   | 2010                                           |        |   | 2009 |   |
| Operating activities:                                                                 |   |                                           |        |   |   |   |
| Net loss                                                                              |   | $                                              | (148,278)   |   |   | $ | (186,491) |   |
| Adjustments to reconcile net income (loss ) to net cash used in operating activities: |   |                                           |        |   |   |   |   |   |
| Depreciation expense                                                                  |   |                                           | 38,003      |   |   |   | 36,854 |   |
| Amortization expense - intangible                                                     |   |                                           | 8,791       |   |   |   | 18,346 |   |
| Contributed Rent                                                                      |   |                                           | 8,791       |   |   |   | 8,762 |   |
| Changes in operating assets and liabilities:                                          |   |                                           |        |   |   |   |   |   |
| Accounts receivable                                                                   |   |                                           | (123,604)   |   |   |   | (215,518) |   |
| Prepaid expenses and other current assets                                             |   |                                           | -           |   |   |   | 16,623 |   |
| Film costs                                                                            |   |                                           | (3,256,623) |   |   |   | 8,089 |   |
| Accounts payable                                                                      |   |                                           | 11,087      |   |   |   | 172 |   |
| Accrued expenses                                                                      |   |                                           | (677)       |   |   |   | (2,980) |   |
| Net cash (used in) operating activities                                               |   |                                           | (3,462,510) |   |   |   | (316,143) |   |
|                                                                                  |   |                                           |        |   |   |   |   |   |
| Investing activities:                                                                 |   |                                           |        |   |   |   |   |   |
| Collection of notes receivable                                                        |   |                                           | -           |   |   |   | 276,178 |   |
| Cash paid for purchase of fixed assets                                                |   |                                           | (2,680)     |   |   |   | - |   |
|  Net cash (used in) investing activities                                         |   |                                           | (2,680)     |   |   |   | 276,178 |   |
|                                                                                  |   |                                           |        |   |   |   |   |   |
| Financing activities:                                                                 |   |                                           |        |   |   |   |   |   |
|       Advances from related parties                     |   |                                           | 136,452     |   |   |   | 45,805 |   |
| Net cash provided by financing activities                                             |   |                                           | 136,452     |   |   |   | 45,805 |   |
|                                                                                  |   |                                           |        |   |   |   |   |   |
| Effect of exchange rate changes on cash and cash equivalents                          |   |                                           | (15,495)    |   |   |   | (24,699) |   |
|                                                                                  |   |                                           |        |   |   |   |   |   |
| NET DECREASE IN CASH                                                                  |   |                                           | (3,344,233) |   |   |   | (18,859) |   |
|                                                                                  |   |                                           |        |   |   |   |   |   |
| CASH AT BEGINNING OF PERIOD                                                           |   |                                           | 3,375,449   |   |   |   | 26,243 |   |
|                                                                                  |   |                                           |        |   |   |   |   |   |
| CASH AT END OF PERIOD                                                                 |   | $                                              | 31,216      |   |   | $ | 7,384 |   |
|                                                                                  |   |                                           |        |   |   |   |   |   |
| Supplemental information                                                              |   |                                           |        |   |   |   |   |   |
| Interest paid                                                                         |   | $                                              | -           |   |   | $ | - |   |
| Income taxes paid                                                                     |   | $                                              | -           |   |   | $ | - |   |
|                                                                                  |   |                                           |        |   |   |   |   |   |
| Supplemental disclosure of non-cash investing and financing activities:               |   |                                           |        |   |   |   |   |   |
| Short term debt offsets accounts receivable                                           |   | $                                              | 117,026     |   |   | $ | - |   |

----

----

|                        |   | Period Ended March 31 |      |
|-----------------------------|--------|-----------------------|-----------|
|                        |   | 2010                  |      |   | 2009 |   |
| Desert Love Story TV series |   |                  | 293,026   |   |   |   | 0 |   |
| Fox Hunting TV series       |   |                  | 879,078   |   |   |   | 0 |   |
| Total                  |   |                  | 1,172,104 |   |   |   | 0 |   |

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Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations

|                                                           | Three Months EndedMarch 31, 2010($) | Three Months EndedMarch 31, 2009($) | Nine Months EndedMarch 31, 2010($) | Nine Months EndedMarch 31, 2009($) |
|----------------------------------------------------------------|-------------------------------------|-------------------------------------|------------------------------------|------------------------------------|
| Revenue                                                        | 38,810                              | Nil                                 | 1,211,877                          | Nil                                |
| Cost of Revenue                                                | 34,615                              | Nil                                 | 1,207,682                          | Nil                                |
| Expenses                                                       | 36,504                              | 42,254                              | 204,266                            | 186,491                            |
| Other income                                                   | 51,793                              | -                                   | 51,793                             | -                                  |
| Net Income (Loss)                                              | 19,484                              | (42,254)                            | (148,278)                          | (186,491)                          |
| Net Income (Loss) per Share - Basic and Diluted                | (0.00)                              | (0.00)                              | (0.00)                             | (0.00)                             |
| Weighted Average Number Shares Outstanding - Basic and Diluted | 39,750,000                          | 39,743,000                          | 39,750,000                         | 39,743,000                         |

----

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| Description                                  | Estimated Completion Date | Estimated Expenses ($) |
|----------------------------------------------|---------------------------|-----------------------------|
| Legal and accounting fees                    | 12 months                 | 300,000                     |
| Film and television series development costs | 12 months                 | 8,500,000                   |
| Marketing and advertising                    | 12 months                 | 300,000                     |
| Investor relations and capital raising       | 12 months                 | 150,000                     |
| Management and operating costs               | 12 months                 | 250,000                     |
| Salaries and consulting fees                 | 12 months                 | 100,000                     |
| Fixed asset purchases                        | 12 months                 | 1,500,000                   |
| General and administrative expenses          | 12 months                 | 50,000                      |
| Total                                        |                      | 11,150,000                  |

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Item 3.  Quantitative and Qualitative Disclosures About Market Risk

Item 4.  Controls and Procedures

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PART II – OTHER INFORMATION

Item 1.  Legal Proceedings

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds

Item 3.  Defaults Upon Senior Securities

Item 4.  [Removed and Reserved]

Item 5.  Other Information

Item 6.  Exhibits

| Exhibit Number | Exhibit Description                                                                                                                                                                           |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 31.1           | Certification of Chief Executive Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| 31.2           | Certification of Chief Financial Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| 32.1           | Certification of Chief Executive Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                                     |
| 32.2           | Certification of Chief Financial Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002                                                     |

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SIGNATURES

|               | China Media Inc.                                               |
|--------------------|----------------------------------------------------------------|
|               | (Registrant)                                                   |
|               |                                                           |
|               | /s/ Dean Li                                                    |
| Date: May 14, 2010 | Dean Li                                                        |
|               | President, Chief Executive Officer                             |
|               | (Principal Executive Officer)                                  |
|               |                                                           |
|               | /s/ Ying Xu                                                    |
| Date: May 14, 2010 | Ying Xu                                                        |
|               | Chief Financial Officer                                        |
|               | (Principal Financial Officer and Principal Accounting Officer) |